The Board of Directors of Highlands Bancorp, Inc. (OTCQB:HSBK) parent
company of Highlands State Bank, announced that it has declared a cash
dividend of $0.01 per common share. The dividend is payable on September
1, 2014 to common shareholders of record on August 15, 2014.
The Company serves as the holding company for Highlands State Bank.
Highlands State Bank is a full service community bank headquartered in
Vernon, New Jersey with branch offices in Sparta and Totowa, New Jersey.
Highlands State Bank provides deposit and loan banking services to
consumers and businesses in northern New Jersey. Secure Lending
Solutions, Inc., a wholly owned subsidiary of Highlands State Bank,
specializes in conventional 1-4 family mortgage loans.
Forward-Looking Statements
This news release contains certain forward-looking statements, either
expressed or implied, which are provided to assist the reader in
understanding anticipated future financial performance. These statements
involve certain risks, uncertainties, estimates and assumptions made by
management, which are subject to factors beyond the company’s control
and could impede its ability to achieve these goals. These factors
include general economic conditions, trends in interest rates, the
ability of our borrowers to repay their loans, and results of regulatory
exams, among other factors.
Copyright Business Wire 2014